"Impending U.S. Tariffs Set to Spark Unprecedented Global Trade Shifts"
Black Owned Newspapers And Blogsby Toter 4 weeks ago 72 Views 0 comments
(By Wolfgang Alschner, L’Université d’Ottawa/University of Ottawa) U.S. tariffs under President Trump have disrupted global trade, redirecting billions in exports, particularly impacting the U.S.-Canada relationship. With average tariffs soaring to 22%, nations face unprecedented trade diversion. Historical parallels to the 1930s highlight the risk of protectionism, as countries may respond to surging imports with restrictive measures, threatening economic stability. Faced with this challenge, global cooperation is essential to uphold trade norms and avoid repeating past mistakes.
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